Use any bank’s ATM for free from April 1st, 2009

As per RBI’s circular, with effect from April 1st, 2009, you can use any ATM in India for money withdrawal, account balance, or printing mini statement for FREE irrespective of your card issuing bank. RBI issued instructions at the beginning of this year to all the banks not to levy more than Rs.20 per transaction done by other bank’s account holder. For example, if you are an ICICI Bank account holder and if you are using ICICI ATM card to withdraw money from an SBI ATM, you will be charged a maximum of Rs.20 per transaction. This will be in effect till March 31, 2009 and from April 1st, irrespective of your bank account, you can use your ATM card to do the above transactions at any bank’s ATM for free.

I am really happy to see this. Before this, if I am going to a new place, carrying all my bank cards was necessary because I would not know which ATM I can find first. As the charges have come down to Rs. 20 lately, I have been using other bank’s ATMs frequently because I am not worried about Rs.20 as I can find other bank’s ATMs in my colony in just few steps. Now, even this Rs. 20 per transaction charge is going to be taken off from day after tomorrow and I can simply walk into any ATM and withdraw the money 🙂

17 thoughts on “Use any bank’s ATM for free from April 1st, 2009”

after knowing that transaction are free if you transact from any atm i am very happy one of the main reason behind this is my atm machine is far from my hostel and i face lots of problem in transaction and also wait around half an hour due to long que .so i welcom the decision of R.B.I

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My name is Naveen and I am an Internet Marketer and Freelance Web Designer. I run the Freelance Web Designing Company, eProfessionals, which currently maintains and hosts more than 25 professional and personal blogs.